I. Price Trend
According to the Commodity Market Analysis System of Business Society, the aniline market experienced a broad increase this week. The market price of aniline was 7,945 yuan/ton on January 5 and rose to 8,145 yuan/ton on January 9, representing a periodic increase of 2.52% but a year-on-year decline of 9.88%.
II. Analysis and Commentary
This week, the aniline market saw a significant upward movement. During the week, aniline production remained stable, and downstream demand was met as needed. A sharp rise in crude oil prices boosted market confidence, coupled with active restocking by downstream buyers. On Friday, manufacturers collectively raised prices by 200 yuan/ton, pushing the mainstream price of aniline to 8,100–8,200 yuan/ton.
Cost Perspective: This week, the pure benzene market showed weak fluctuations. Expectations of increased pure benzene supply, combined with high port inventories and sustained weak demand, suggest that the pure benzene market will likely continue to fluctuate within a range in the short term.
III. Future Outlook
Currently, trading in the aniline market is stable, with minimal inventory pressure. It is expected that the aniline market will consolidate after the recent increase in the short term. Close attention should be paid to future changes in raw material costs and supply-demand dynamics.
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